Latest news and articles about palestinian economy from NEX English
The cash crisis in Gaza worsens due to the Israeli blockade, prompting residents to find alternative solutions like using pins. This method aims to meet their daily needs despite significant challenges.
Residents of Gaza are experiencing a severe crisis as currency traders refuse to exchange the Jordanian dinar without imposing high fees ranging from <strong>30%</strong> to <strong>35%</strong>. This situation reflects a significant decline in trust towards the currency and its impact on the local economy.
Despite the discovery of gas resources off the coast of Gaza over two decades ago, these riches remain untapped due to Israeli control over the maritime area. This situation hinders the economic benefits that could be derived from these resources.